Bonney Lake/Lake Tapps Area Real Estate News, Events & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because I are about the community and want to help you find your place in it. Please reach out if you have any questions at all. I would love to talk with you! 253-576-4304

 

 

 

 

May 17, 2018

Shopping for your Dream Home, Don't Wait!

Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true.

Where are home values today compared to the beginning of the year?

While rates have been rising, so have home values. Here are the most recent monthly price increases reported in the Home Price Insights Report from CoreLogic:

  • January: Prices were up 0.5% over the month before.
  • February: Prices were up 1% over the month before.
  • March: Prices were up 1.4% over the month before.

Not only did prices continue to appreciate, the level of appreciation accelerated over the first quarter. CoreLogic believes that home prices will increase by 5.2% over the next twelve months.

How can prices rise while mortgage rates increase?

Freddie Mac explained in a recent Insight Report:

“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

Bottom Line

If you are thinking about moving up to your dream home, waiting until later this year and hoping for prices to fall may not be a good strategy.

SEARCH ALL REAL ESTATE HERE UPDATED EVERY 15 MINUTES!

 

KRISY CLAYTON

PC Homes Residential Real Estate
Call or Text~253-576-4304

Posted in Home Buying
May 14, 2018

Orting 4 Bedroom Homes For Sale

Orting is proud to connect its citizens and guests to the beautiful setting all around.  You can do everything ~ from walking, running or biking on the trails, to fishing, skateboarding, dancing or playing a sport, like GOLF!! with the picturesque backdrop view of Mt. Rainier!  Orting is a great place to call home!

VIEW  4 BEDROOM HOMES FOR SALE IN ORTING HERE

KRISY CLAYTON

PC Homes Residential Real Estate
Call or Text~253-576-4304
Posted in Orting
April 16, 2018

Bonney Lake One-Story Homes

 

BONNEY LAKE 1 STORY HOMES FOR SALE

 

 

 

TIRED OF STAIRS? CLICK HERE TO VIEW BONNEY LAKE RAMBLERS FOR SALE

 

View all Bonney Lake one-story homes for sale. This list is updated every 15 minutes. Bonney Lake is a great place to call home.  Excellent schools, close to freeways, shopping and plenty of activities. Let's make an appointment to view your next home today!

 

 

 

PC Homes Residential Real Estate
Call or Text~253-576-4304

 

 

Posted in Bonney Lake
April 4, 2018

Spring Home Buying in Bonney Lake

4 Reasons Spring is a Great Time to Buy a Home in Bonney Lake!

 

1. Prices Will Continue to Rise in Bonney Lake

 

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year.

 

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

 

2. Mortgage Interest Rates Are Projected to Increase

 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage hovered close to 4.0% in 2017. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by nearly a full percentage point by this time next year.

 

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

 

3. Either Way, You Are Paying a Mortgage

 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

 

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

 

Are you ready to put your housing cost to work for you?

 

4. It’s Time to Move on with Your Life

 

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

 

But what if they weren’t? Would you wait?

 

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

 

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.elieve Homeownership is a Part of Their American Dream

BONNEY LAKE HOMES FOR SALE

KRISY CLAYTON

PC Homes Residential Real Estate
Call or Text~253-576-4304
 

 

April 3, 2018

Sumner Homes For Sale

Sumner Homes For Sale

Located in within the vibrant Puget Sound region of Washington State, Sumner is the sweetest spot on the road between Seattle and Mt. Rainier.

CLICK HERE TO VIEW SUMNER HOMES FOR SALE

 

SUMNER SCHOOLS

SUMNER EVENTS

SUMNER JOBS

 

 

 


 

PC Homes Residential Real Estate
Call or Text~253-576-4304

 

 

 

 

 

 

 

Posted in Sumner
March 29, 2018

Sky Island Bonney Lake

What's is for sale in Sky Island, Bonney Lake?

 

Looking to buy or sell in Sky Island? Call or text 253-576-4304

Sky Island  is a large, group of subdivisions located in Bonney Lake. The homes were built in the 2000's to current. Easy access to hwy 410, Tacoma, Sumner and Puyallup. Sky Island offers pocket parks, amazing views and fun events. A great place to call home!

 

Sky Island Homes For Sale

Sky Island 4 Bedroom Homes For Sale

Sky Island Homes for Sale under $600K

Sky Island Homes for Sale under $800K

 

Posted in Bonney Lake
March 28, 2018

Not our parents interest rates!

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

 

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! | MyKCM

 

Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year.

 

The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home. Don’t let the prediction that rates will increase stop you from purchasing your dream home this year.

 

Let’s take a look at a historical view of interest rates over the last 45 years.

 

 

 

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! | MyKCM

 

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago!

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates